JAL's difficult year ends with losses above $400 million

Japan Airlines Group blamed sluggish traffic growth caused by "safety-related occurrences" and anti-Japanese sentiment in China for its inability to overcome rising fuel costs, resulting in a drastic reversal in financial fortunes and a loss of ¥47.2 billion ($423.2 million) in the fiscal year ended March 31 compared to earnings of ¥30 billion in FY05.
Group revenue grew 3.3% to ¥2.2 trillion but operating expenses were up 7.3% to ¥2.23 trillion, dragging the company to a ...